A growing economy creates jobs, raises living standards, maintains global competitiveness, and thus engenders positive attitudes and optimism about the future.
While many policymakers seem intent on focusing on either economic stimulus or austerity, IPI believes that the economy can grow consistently and at higher rates than we’ve experienced in the last decade, and we reject the idea that economic growth contains within itself the seeds of its own demise through inflation, the business cycle, and erroneous Phillips Curve assumptions. Therefore, economic growth should be elected officials’ primary policy goal at the federal, state and local levels, and it’s the organizing principle of our policy work at IPI.
Whatever limitations may exist on economic growth, they should not be self-imposed through counterproductive tax policy, overbearing regulations, ill-conceived monetary policy, trade protectionism, or hostility toward skilled and ambitious immigration.
The Future Of American Manufacturing Is High Tech, Not High Tariffs
If Trump focuses on these reforms, rather than punitive tariffs, he'll stand a good chance of rejuvenating American manufacturing.
Big, Credible Tax Reform
Republicans should not trap themselves within the strait jacket of revenue neutrality--the goal is economic growth.
Trump Pipeline Action Boon to U.S. Job Creation
By advancing the Keystone XL and Dakota Access pipeline projects, President Donald Trump is not only moving to unshackle the energy industry and promote a more secure United States, but is giving the green light to create a wealth of middle class jobs.
The Obama Economy: Three Shocking Numbers From Obama's Economic Legacy
While Obama promised America “hope and change” from a progressive left-of-center dogma, it was more of the “same ol’, same ‘ol” from an economic standpoint.
The Fundamental Incoherence in Trump's Economic Policy
If the new Trump administration's tax reform efforts stimulate economic growth, it will ironically frustrate its ill-founded efforts to reduce trade deficits.
Republicans' Biggest Challenge: Remaining Small-Government Conservatives
Republicans campaigned on cutting the size of government, but they will face a lot of pressure to abandon those promises and spend like Democrats.
Next Big Conservative Challenge: Turning Big Cities Red
If large cities are to return to financial stability and economic growth, they must be run by people who believe in free markets, limited government and a light regulatory burden.
Tax Rate Reduction May Be Tied to GDP Growth: UHY
Giovanetti cautioned that putting more money in people’s pockets so they can spend it is not the purpose of tax reform. “No, cash isn’t enough,” he said. “It has to be invested productively in order to grow the economy. When businesses expand, they hire new workers and create new wealth. And that’s what we want.”
Trump Opens The Door To U.S. Energy Independence
President-elect Trump's energy agenda would be a shot in the economic arm. All he has to do is get the government out of the way.
Will Jobs 'Make America Great Again?'
According to IPI, even though the unemployment rate has gone from 7.8 percent to just under 0.05 percent, the labor participation rate also dropped — from 65.7 to 62.8 percent, a level not seen since March 1978. Meanwhile, the gross domestic product growth has nearly stalled.
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